6.8% economic growth in Quarter 2013

The country's economy has grown by 6.8% in the second quarter accelerating from 6% in the first quarter of 2013.

As per the data released by the Department of Census and Statistics Industry and Services sectors have recorded 10.1% and 6.6% increases respectively in the second quarter.

The sub sectors which have registered relative significant growth among the major sectors in the second quarter were Mining and Quarrying 12.6%, Electricity, Gas and Water 16.2%, Construction 17.8%, Hotels and Restaurants 21.1%, Transport and Communication 9.5% and Banking, Insurance and Real Estate 6.3%, the Department said.

The percentage share of the three major sectors, theAgriculture, Industry and Services to total GDP amounted to 10.7%, 30.2% and 59.1% respectively.

Accordingly, the inflation rate is recorded as 6.8% for the second quarter whereas it was 7.5% in the corresponding quarter last year.